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thing from apple could be something you wear on your wrist. cnbc's mandy drury is here with what's moving your money. like a dick tracy watch? >> absolutely. the word is apple is experimenting with designs for a watch-like device that would perform some functions of a smartphone. of course, other companies have introduced various kinds of wearable gage either, you may even have one while you're jogging that measures physical activity, but you have to make that extra leap. it could be quite difficult, because you have to address all kinds of challenges like making the displays more power efficient, and obviously the device would also need to work closely with the iphone as well. >>> all right. only a few more days until valentine's day. cupid is about to give the economy a shot in the arm. >> guess how much the average person is planning to spend this valentine's day? ivities i actually know the answer, but i would have guessed like, what, $50, $60? >> according to big insight, over $130. i was surprised, too. that was on everything, candy, cards, gifts, i don't know, romantic eveni
taking a big chunk out of spending. cnbc's mandy drury is here with what's moving your money. "the wall street journal" reports that worried companies are scrambling to meet changing demand. >> yeah. you're absolutely right, chris. lots of retailers in fact are really trying to adjust to this brave new world if you like. we've got consumers like us. we've all got smaller pay checks right? the 2% payroll tax hike. i think hurts a household with $65,000 in annual income about $1,300 this year. so that's real money. we've got gasoline prices which have jumped nearly 50 cents a gallon in the past month alone. so you've got companies like walmart stocking more of its shelves with cheaper products and smaller sized packages of everything from toilet paper to snacks to diapers you name it, daily necessities. also burger king is cutting its whopper junior sandwich to $1.29 from about $2 and focusing its ads on its value menu items rather than higher priced salads or smoothies and also kraft and meat supplier tyson foods introducing more lower priced products to help restaurants and superma
around for that. >>> an airline megamerger is taking flight. mandy drury is here with what's moving your money. >> they're getting together on valentine's day. well, this merger is going to cut down the number of major u.s. airlines now to four. you've got the new american, you'll have united, delta, and southwest. so everyone is kind of asking, what does that mean for me, the consumer. well, it potentially means higher prices, less competition, higher prices. we'll have to wait and see. also, richard, most airline mergers have resulted in a reduction of flights and also shrinkage at some hubs. but management is saying this is different because u.s. airways and american overlap on just 12 routes. if you are a traveler, you will not notice immediate changes. it is likely going to be months for example, the frequent flier miles are combined and years before the two airlines are integrated. in other words, don't panic. >> not yet. >> we'll move from the world's largest airline to automobiles, and you've got news on what is the most dependable. >> yeah. j.d. power is out with the annual
level in ten months this morning. for more, mandy drury is manning the futures now at the desk. hey there. >> hey there. you can see it here on the chart, the chart tells the story and when those better than expected jobless claims came out this morning, the yield really spiked. they have come off a little bit but nonetheless, the question here is scottie, as the economy improves will yields continue to rise? anthony is at the nymex and jim yurio, given the economic strength and not the "great rotation" out of bonds, how long will the sell-off continue? >> i think it's still got legs to if. you mentioned jobless claims two weeks below 350, the m&a seems alive in this country, discounting what's happening in europe. investors are looking for risk after two years of looking for safety. >> what do you reckon, jim, not just how high rates are going to go, it's also how fast they'll go higher, that's a big concern as well. >> no question. this isn't a story that's developed today, this is a story going on for a couple months and in the option pits behind us we've seen big money search fo
mandy drury today and scott wapner. becky quick and joe kernen are off. they're going to join us live tomorrow for a special broadcast from pebble beach. they have some pretty cool guests themselves tomorrow. you don't want to miss that. >> did you draw the short straw or the long straw by not going? >> that's good. i don't play golf. so i don't think becky plays golf, either, so we'll see. we're all rooting for joe, who is playing. we hope he makes the cut. >> okay. we're rooting for joe. >> we all have to root for joe. i don't know if becky carries the bag or if she drives the cart. i don't know how it works. she's not going to like that comment, but we do love both of them, of course. our guest host this hour, chief equity strategy phil orlando and ben white of morning money fame. let's talk about the headlines this morning. a story in the "new york times" today looks at documents filed in federal court this week that relate to jpmorgan. the document suggests when an outside analysis uncovered serious flaws with thousands of home loans, the bank didn't disclose the full extent of p
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